Naswar Corner

[Mani2020]

Dudess you're a Scientist & for that I gather a PhD is a fine...fine addition but one doesn't see many PhDs in Finance, Management, Marketing etc. because an MS is enough there & you need a whole lot more work experience to put all of that to good use.

a MBA in marketing, finance, management or HR works better for you than an MS in Pak

 

[KRAIT]

yeah thats what i was saying when i said 4 years for bachelor and mastersbanking reforms

Oiishh......Theoretical entirely ?
@Talon Yeah, it creates problems too if you apply in US for PhD.

 

[Mani2020]

Oiishh......Theoretical entirely ?
.

didnt get ...come again

 

[KRAIT]

didnt get ...come again

I mean you have to do some calculations or use data to explain in the presentation. Or a theoretical study of various reforms. ?

 

[Armstrong]

Now let me tell you. Most of my profs worked in research Labs around the world. When you have PhD, you are more valuable to any company as they select you from your research and you become part of research team. Many of my friends are in TCS but one of our visiting faculty who did PhD from IIT, directly got package of over 15 lakh in TCS's R&D Center. He is more free to work than people who went to TCS after Post-Graduation. It will take them a lot of time.

Another example was told by my prof. He said that many of his friends are now jobless. As you reach 40-45, in major companies, and you earn lets say, 35 lakhs, they will rather hire more young under graduates instead of paying you alone. This happens. But if you are PhD holder, you are more valuable to them. See, MBA after Graduation increased because after certain age, you reach at a position where you need Managing skills. They will rather hire a person who has done MBA. The guy who told this was IIT PhD holder and worked at Cambridge and major communication companies.

Also, after PhD, you always have option of moving into Academics. Earn money in industry and then enjoy life in Academic along with earning.

Marketing guys, finance managers, etc. all are dependent on these PhD holders. Have you heard of Black and Scholes model for Options ?

One of my friend works in De Shaw, he told me that PhD holders are given completely different work and they are backbone of the company. Remember R&D department is backbone of any industry. In case of Finance, they rely on Data Analysis companies which recruits PhD holders.


Also, PhD holders pick their company and work more freely than under-graduates. But as I said, it depends on people and their interest. You can become CEO and richest person even without graduating like Bill gates, Steve Jobs did.

There is very wrong perception that PhD means bit too academic.

Dude where did I say that PhDs in some professions are not worth it but do tell me how many CFOs, CEOs or COOs of fortune 500 companies are PhDs ?

Having a PhD in Mathematics, Stats, Econometrics or Actuarial Sciences is one thing but having a PhD in Finance, Management, Marketing or Law is something completely different ! How many PhDs of the latter are there who are working in the top most positions ?

My own Uncle who did his Doctorate from UT Austen in something about Superconductors is working for Texas Instruments but the management guy he reports to, the Finance guy, the Marketing guy & the Procurement Manager that he has to liaise with on an almost daily basis aren't even MScs but they are paid as much as he is or more; why because after a certain stage - Experience trumps your Academic qualification in quite a many fields out there.

It doesn't matter whether you, as a Finance Professional, know the intricacies of Doctoral Research because you don't need that to do your daily job or to increase your performance above a certain level ! You can always hire Professionals who've had training in that & thats exactly what most Banks & other Financial Intermediaries do when they have in-house Research Departments churning out financial models after financial models & yet how many of these Financial Analysts rise up to head the company in the near future ?

Not many !

Because that academic prowess comes at the expense of experience & exposure !

 

[Mani2020]

I mean you have to do some calculations or use data to explain in the presentation. Or a theoretical study of various reforms. ?

its a mix kinda thing.......... lol MBA is a jack of all trades ...you have to do everything you can think off from calculus to html to coding to statistical research to international relations to dnt know what ......

 

[Sugarcane]

UK - 1% of world's population with 22% of world's CCTV cameras (over 4 million) is world's most watched nation

 

[Mani2020]

@KRAIT lol last semester i had a research project ....where i used 5-6 types of sampling techniques heck it was a killer

 

[Armstrong]

a MBA in marketing, finance, management or HR works better for you than an MS in Pak

Of course but thats my point how many of Pakistan's top Business Professionals are PhDs ?

 

[KRAIT]

lol you know what here in Pakistan you have 4 years bachelor in business then a 2.5 year MBA ....that is 6.5 years of education after intermediate which already brings it to PHD level you dont know the mess we have here ....in UK you have 4 years for bachelors and masters and then next 2.5 years spare you can do phd or whatever
also in Pakistan companies have more demand for MBA i know a person who did his MS from a very reputed institute and got hired by a multinational company ~5 years ago ... one of the multinational company is paying higher to a fresh MBA what that guy is getting after 5 years..... you have higher chances to go up the hierarchy as an MBA

Actually 2.5 years is equal to 2 years of Masters in research field. PhD means. 4 years of of bachelors, and at least 4 to 6 years years of PhD in India. I am talking of elite institutes.

 

[Armstrong]

its a mix kinda thing.......... lol MBA is a jack of all trades ...you have to do everything you can think off from calculus to html to coding to statistical research to international relations to dnt know what ......

Yaraaa MBA ka kamaaal lies not in its academic prowess because at the end of the day you're not an exceptional accounting & finance guy if you do that compared with a chartered accountant & you're not a marketing guru if you've gone for marketing as your specialization !

MBA kaa kamaaal sirf 2 cheezooon mein hai & they are what make all the difference :

(a) Networking; the better your institution the better your networks. Eik Harvard ka alumnus has so many exceptionally good contacts at his disposal that it makes your brain freeze up.

(b) Managing People; kaaam kiss tarhaan karvanaa haiii !

Actually 2.5 years is equal to 2 years of Masters in research field. PhD means. 4 years of of bachelors, and at least 4 to 6 years years of PhD in India. I am talking of elite institutes.

Idhar bhii aiseii hii hai ! My Mom did her BSc (Hons) in Biology, Chemistry & Zoology (a 4 year program), then went for a 2 year MSc in Botany & then did a 4 year PhD in Environmental Sciences !

 

[KRAIT]

@KRAIT lol last semester i had a research project ....where i used 5-6 types of sampling techniques heck it was a killer

Better use MATLAB. Its damn easy to use than other software. There are codes and inbuilt functions. They have good community on Google groups and if you have any problem, given you have tried and then failed, they help you out.

I think you use Excel, SPSS or STATA ?

You should learn it. It helps a lot and if its in your Resume, you come in different category all together. Even if you have done a course on it, keep in touch with these. Depending on what type of work of course.

 

[Mani2020]

Of course but thats my point how many of Pakistan's top Business Professionals are PhDs ?

@KRAIT may have a different point of view but here in Pakistan most phds are in academic field ...you see most CEOs or people at higher up the hierarchy are not phds

you see at engro's Ahmed umer he was an mba , you see vice president of silk bank he is an mba , you see CEO of PepsiCo indra nooyi she is an mba the list goes on .....

Better use MATLAB. Its damn easy to use than other software. There are codes and inbuilt functions. They have good community on Google groups and if you have any problem, given you have tried and then failed, they help you out.

I think you use Excel, SPSS or STATA ?

You should learn it. It helps a lot and if its in your Resume, you come in different category all together. Even if you have done a course on it, keep in touch with these. Depending on what type of work of course.

yeah i used spss

 

[Armstrong]

@KRAIT may have a different point of view but here in Pakistan most phds are in academic field ...you see most CEOs or people at higher up the hierarchy are not phds

you see at engro's Ahmed umer he was an mba , you see vice president of silk bank he is an mba , you see CEO of PepsiCo indra nooyi she is an mba the list goes on .....

Thats not just peculiar to Pakistan, its the same the world over !

If the field is research intensive - You'd have a PhD there if, on the other hand, its people-intensive then you won't !

 

[Mani2020]

@Armstrong MBA is also a tool to enhance your communication skills ....you cant compete with an MBA of a good institute when it comes to communication and marketing skills ...all career of an MBA relies on 3 things

Management (making other people work)

Marketing (selling even yourself if you have to)

Communication